£90m energy innovation competition kicked off by energy network companies
Up to £90m of investment is up for grabs for Britain’s leading energy innovators this week, as energy network companies launch the Call for Ideas for the Network Innovation Competition (NIC).
The Call, which is for companies interested in working with Britain’s gas and electricity network operators to develop bids for the funding, is being run by Energy Networks Association (ENA). ENA represents the companies responsible for operating the ‘wires and pipes’ of Britain’s energy network infrastructure. Successful applicants will work with network companies to compete for up to £20 million of funding available for gas network projects and up to £70 million available for electricity network projects. Cross-vector projects can potentially access funding from both pots.
Research from the National Infrastructure Commission has identified up to £8bn of savings a year that can be made from energy networks investing in innovative smart power technologies. KPMG research also shows that using new innovation projects to evolve both our gas and electricity networks to help decarbonise our economy could save consumers as much as £214bn by 2050 compared to a full or near-full electrification scenario.
The annual Competition is designed to support a range of large scale energy innovation projects in communities across the country. Run by Ofgem, network companies and their partners will compete for funding for the development and demonstration of new energy technologies that will help run energy network infrastructure in a smarter, cleaner and more flexible way. Recent examples include the OpenLV project, which enables open access to local network electricity demand data, and the H21 project, a nationwide project which aims to build an evidence-base on the conversion of gas distribution networks to transport low-carbon hydrogen.
Proposals must provide a clear cost benefit to the public, cost benefits to the running of the networks, environmental benefits and demonstrate genuine innovation. They will need to fit with the priority areas, set out in the Gas and Electricity Network Innovation Strategies or one of the possible cross-sector areas, such as whole system planning.
Potential applicants can also find out more information about existing innovation projects and meet network operators to discuss potential projects at this year’s Low Carbon Network Innovation (LCNI) Conference, the UK’s largest smart grid conference, which takes place in Glasgow on 30-31 October.
David Smith, Chief Executive of Energy Networks Association says:
“We need to be relentless in our focus on innovation to deliver Net Zero and reap the benefits that it can provide. Private enterprise is key to delivering network innovation which is vital to help keep energy bills down for the public, while delivering a smarter, cleaner and more flexible energy system that serves the country. This is an exciting chance for innovators to deliver projects that will make a real difference to the way networks operate in communities up and down the country. We want to hear from the widest range of energy innovators as possible to help deliver that.”
The call for ideas closes on 8 November at 5pm. Full details of the Call can be found on Energy Networks Association’s Network Innovation Collaboration Portal.